ES Friday 10-7-11

Here is the low volume I have marked off from Thursdays trade. The main bell curve will be that 45 - 55 area. There are a few other minor ones ....we still have low volume in the 60 - 63 area. Lets see what the overnight and the 8:30 reports bring.

WTF was that? SandOxe, was it you exiting your trade...lol?

(BN) *FITCH DOWNGRADES ITALY TO 'A+'; OUTLOOK NEGATIVE

Nice spike! down to 1153.00 T I just gave you $50.00 bucks. I'll wait a bit and try it again.

ES now trading 1158.00 @ 12:07

Originally posted by sandoxe

Notice how the price is testing that 1157 area, back and for, goes to 1158 and then down again probing the support. It's here where "your system will have some type of signal" or maybe is neutral,
Log at 1157.75 stp 1156.75. Will live it along and see what it does. Objective at 1163.00, and possibly O/N high.
ES now trading 1159.00 at 11:57 E.T.

Maybe this Wall Street protest thing is slowing Ferrari sales.....

Dubya, funny...

Originally posted by prestwickdrive

Fitch just downgraded Italy with outlook negative

Now they downgraded Spain too

(FII) Fitch Downgrades Spain to 'AA-'; Outlook Negative

Looks like they are choking on their lunch......

LOL back down to 1153.00 I don't like this today. This is getting bearish by the minute. I will wait for the test at 1151.00 daily support trend line.

Originally posted by Lisa P

WTF was that? SandOxe, was it you exiting your trade...lol?

Full initial move off of post jobs number retrace was 1173.75-1157.5 giving an initial projection of 1147.5 and a full of 1131.25

HAVE A GREAT WEEKEND